Goods & Services Tax

E-invoicing under GST to be implemented from 01.10.2020 – Notification

Central board of indirect taxes and customs has deferred the implementation date of e-invoicing under GST. Now e-invoicing will be implemented from 01.10.2020.

Relaxation in filing form GST CMP-08 – Notification

CBIC vide notification, exempt casual taxable person from filing GST CMP-08 and GSTR-1 for the FY 2019-20, who have filed GSTR-3B and paid the tax accordingly.

Special procedure to be followed by IRP or RP under GST – Notification

CBIC has prescribed special procedure to be followed by IRP or RP appointed under IBC 2016. This procedure to be followed from the date of appoinment of IRP or RP till the period they undergo the corporate insolvency resolution process.

Value of lottery ticket under GST

Central board of indirect taxes and customs vide notification issued on 02.03.2020 has amended Central Goods and Services Tax rules for valuation of lottery.

Foreign companies are exempt from filing reconciliation statement in form GSTR-9C

CBIC vide notification issued on 16.03.2020 has exempt foreign companies from furnishing annual reconciliation statement under GST in form GSTR-9C.

Decision taken by GST council in its 39th meeting

The 39th meeting of GST council is held at New Delhi on 14.03.2020. In this meeting GST council extended due date of Annual Return to 30.06.2020. Further implementaion of e-invoicing and new gst return system is deffered till 01.10.2020.

All about new GST return system

GSTN is ready to rollout new system for GST return filing from 01.04.2020. This article will give a brief about how to file GST return under this new system.

New due date for GSTR-3b

Ministry of Finance has prescribed new due dates for filing monthly GSTR-3B return. Now the GSTR-3B return can be filed by taxpayers in staggered manner.

CGST Rules 2017 Updated as on 01.01.2020

Central Goods & Services Tax Rules 2017 as updated on 01.01.2020 as amended by various notifications issued by Central board of indirect taxes and customs.

Sabka Vishwas Legacy Dispute Resolution Scheme Extension

CBIC extended last date for Sabka Vishwas Legacy Dispute Resolution Scheme (SVLDRS) for 15 days i.e. up to 15.01.2020. Earlier last date to avail benefits under the above scheme was 31.12.2019.